Released: December 2, 2012 By: Daniel Whyte III

THE BEST OF THE SECOND COMING WATCH UPDATE (VA124)

After Netanyahu's speech at the UN, Israelis say there will probably not be a war this year. According to Reuters, Prime Minister Benjamin Netanyahu's U.N. speech about Iranian nuclear advances has dampened speculation in Israel that he could order a war this year. Analyzing the address in which Netanyahu literally drew a "red line" on a drawing of a bomb to show how close Iran was to building nuclear weaponry, commentators saw his deadline for any military action falling in early or mid-2013, well after U.S. elections in November and a possible snap Israeli poll. Without explicitly saying so, Netanyahu implied Israel would attack Iran's uranium enrichment facilities if they were allowed to process potential weapons-grade material beyond his red line.

Spain is being affected by 'biblical' drought According to Reuters, olive oil producers in Spain are facing a drought that could shrivel this year's harvest to half of last year's. The drought has caused food prices to spike with consumers expecting to pay more in coming months as supermarkets raise prices. Nuñez de Prado said, "It's been a drought of biblical proportions, the worst since 1945, the 'year of hunger' for Spain." A lean harvest will be another blow for Spain, the euro zone's fourth largest economy, which replaced Greece, Ireland and Portugal earlier this year as the main threat to the survival of the euro...